Chapter 13 Bankruptcy
Chapter 13 bankruptcydebt reorganization planwage earner planpersonal debt restructuringstop foreclosure
Chapter 13 bankruptcy is a federal law allowing individuals with a regular income to reorganize their finances and repay debts over a period of three to five years. Often referred to as a wage earner's plan, it helps filers prevent foreclosure, stop repossessions, and consolidate debt into a manageable repayment schedule while retaining assets.